Marcus (Marcus) Average Occupancy Rate % : 76.50% (As of Sep. 2023)

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What is Marcus Average Occupancy Rate %?

Average Occupancy Rate % is the percentage of occupied rooms in the property at a given time. It measures the ratio of occupied to total usable rental space. For hotel hospitality industry, a higher occupancy rate is better.

Marcus's Average Occupancy Rate % for the quarter that ended in Sep. 2023 was 76.50% , which is higher than 68.20% for the pervious quarter ended in Jun. 2023.

Marcus's Average Occupancy Rate % for the annual that ended in Dec. 2023 was 63.70% , which is higher than 61.80% for the pervious year ended in Dec. 2022.

The historical rank and industry rank for Marcus's Average Occupancy Rate % or its related term are showing as below:

MCS's Average Occupancy Rate % is not ranked ^*
in the Media - Diversified industry.
Industry Median:
* Ranked among companies with meaningful Average Occupancy Rate % only.

Marcus Average Occupancy Rate % Historical Data

The historical data trend for Marcus's Average Occupancy Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Marcus Average Occupancy Rate % Chart

Marcus Annual Data

Trend

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Average Occupancy Rate %

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MarcusQuarterly Data

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Average Occupancy Rate %

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Competitive Comparison of Marcus's Average Occupancy Rate %

For the Entertainment subindustry, Marcus's Average Occupancy Rate %, along with its competitors' market caps and Average Occupancy Rate % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Marcus (NYSE:MCS) Average Occupancy Rate % Calculation

Average Occupancy Rate % is calculated as

Average Occupancy Rate %

Number of Occupied Rooms

Number of Available Rooms

100%

Marcus (NYSE:MCS) Average Occupancy Rate % Explanation

Average Occupancy Rate % is the percentage of occupied rooms to the total amount of available rooms in the hotel at a given time. It is one of the most high-level indicators of the hotel business, providing an indication of anticipated cash flows.

For hotel business, a higher occupancy rate is better. Hotels with low occupancy rates often have worse profitability than similar properties with high occupancy rates, since they have to spend time and money to find additional guests and face the risk of not making money but still having to pay maintenance costs and taxes. In some cases, a low occupancy rate indicates inefficient hotel management.

Applying length of stay (LOS) restrictions is the best way to increase the occupancy rate. Hotels can also improve their occupancy rate by improving the service or investing in advertisement. However, the occupancy rate is also decided by the location of the hotel and the season.

Marcus Average Occupancy Rate % Related Terms

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Marcus (Marcus) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Marcus Corp (NYSE:MCS) » Definitions » Average Occupancy Rate %

Comparable Companies

Traded in Other Exchanges

3L1:Germany

Address

100 East Wisconsin Avenue, Suite 1900, Milwaukee, WI, USA, 53202-4125

Website

http://www.marcuscorp.com

Marcus Corp is engaged in two business segments, which are Theatres and Hotels and Resorts. The Theatre segment operates multiscreen motion picture theatres in Wisconsin, Illinois, Iowa, Minnesota, Missouri, Nebraska, North Dakota and Ohio, a family entertainment center in Wisconsin and a retail center in Missouri; Hotels and Resorts segment owns and operates full-service hotels and resorts in Wisconsin, Illinois, Oklahoma, and Nebraska and manages full-service hotels, resorts and other properties in Wisconsin, Minnesota, Texas, Nevada, California, and North Carolina. It generates maximum revenue from the Theatres segment.

Executives

Michael Reade Evans	officer: Pres., Marcus Hotels & Resorts	100 EAST WISCONSIN AVENUE, SUITE 1900, MILWAUKEE WI 53202-4125
Mark A Gramz	officer: Pres., Marcus Theatres Corp*	100 EAST WISCONSIN AVENUE, SUITE 1900, MILWAUKEE WI 53202-4125
Austin M Ramirez	director	ONE MAIN STREET, EVANSVILLE IN 47708
Brian Jay Stark	director	3600 SOUTH LAKE DRIVE, ST. FRANCIS WI 53235
Katherine M. Gehl	director	C/O GEHL FOODS, N116 W15970 MAIN STREET, GERMANTOWN WI 53022
Bruce J Olson	director, officer: Group Vice President
Thomas F Kissinger	officer: General Counsel and Secretary
Chad M Paris	officer: CFO & Treasurer	833 EAST MICHIGAN STREET, SUITE 900, MILWAUKEE WI 53202
Gregory S Marcus	officer: Senior Vice President	100 EAST WISCONSIN AVENUE, SUITE 1900, MILWAUKEE WI 53202-4125
Diane M Gershowitz	director, 10 percent owner
Rolando B Rodriguez	officer: Pres. & CEO - Marcus Theatres	C/O AMC ENTERTAINMENT INC, 920 MAIN ST, KANSAS CITY MO 64105
Douglas A Neis	officer: CFO and Treasurer
David M Baum	director	784 MORRIS TURNPIKE #367, SHORT HILLS NJ 07078
Vss-southern Holdings Llc	10 percent owner	C/O VERONIS SUHLER STEVENSON, 390 PARK AVENUE, NEW YORK NY 10022
Philip L Milstein	director	390 PARK AVENUE, SUITE 600, NEW YORK NY 10022